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BOJ’s Kuroda defends 2% inflation target

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Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said he’s still seeking to deliver 2 percent inflation after the government voiced support for a more flexible approach to the goal, which hasn’t been hit in a decade. Japan must reach 2 percent to achieve a self-sustaining cycle of economic growth, where higher corporate profits and wages fuel consumption and investment, ...

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Boeing had too much sway in vetting jets

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Bloomberg FAA employees warned as early as seven years ago that Boeing Co. had too much sway over safety approvals of new aircraft, prompting an investigation by Department of Transportation auditors who confirmed the agency hadn’t done enough to “hold Boeing accountable.” The 2012 investigation also found that discord over Boeing’s treatment had created a “negative work environment” among Federal ...

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Cash-strapped Jet Air delays interest payment on bond

Jet airways is the second largest airline in india with a market share of 21.2%

Bloomberg Jet Airways India Ltd. said it will miss a bond interest payment and grounded more planes as lenders work on a plan to restructure the cashed-strapped carrier’s debt. It’s delaying a payment due on March 19 “owing to temporary liquidity constraints,” the company said in an exchange filing. The airline has been forced to ground planes as negotiations between ...

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